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Irma is a 27-year-old married woman. She lives with her husband and parents-in-law in a small village of Khashuri district. Irma is pregnant. The family is involved in agricultural activities. They have land where maize and haricot are grown. They work hard and always have high-quality products that are sold to local retailers. Irma decided to start an additional business and requested a loan for it. The start-up program, which is a joint initiative with Kiva and Credo, enables her to get a loan of 1,200 GEL and purchase a cow. They have a shed for the cow in their yard. Irma and her mother-in-law will milk the cow every day and will produce cheese to sell. The start-up program will be a great support for the family.

Additional Information

More information about this loan

This loan is part of Credo's startup loan program targeting particularly vulnerable clients who live at the subsistence level and have been unable to obtain credit due to lack of income from an existing business. This program offers them a longer repayment term and an annual interest rate that is 5% lower than the standard interest rate. By funding this loan, you are supporting a program that gives borrowers a second chance to start and grow small businesses. This has the potential to alleviate the effects of poverty, significantly improving borrowers' incomes and their families' quality of life. Learn more about Credo's startup loan program on the Kiva Blog.

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $6,100
    Average annual income
  • 39
    View loans »
    Georgia Loans Fundraising
  • $8,073,000
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Irma to purchase a cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 26, 2013
Currency Exchange Loss:
Aug 17, 2014